Complying with customer due diligence and KYC norms is perhaps the most important and time consuming aspect of initiating a new banking relationship. Yes, it is important to cover the credit risk, but the consequences of failing on the KYC or AML (Anti-Money Laundering) front are far more severe. This is the primary reason why many banks are spending billions annually on performing customer due diligence the old fashioned way. New EU guidelines and the tools that they provide aim to change just that.

The EU single market produces an unmatched € 15trillion worth of goods and services annually. Such a large and unified market presents a great many opportunities for businesses willing to invest in it.

What does non-repudiation mean? Repudiation means to reject or deny the validity of something. Non-repudiation is a legal concept that is widely used in information security. It refers to any service, which provides proof of the origin of data and the integrity of the data. In other words, non-repudiation makes it very difficult to successfully deny who/where a message came from as well as the authenticity of that message.

The World Wide Web Consortium or W3C as it is commonly known was founded in 1994 by the original architect of the World Wide Web, Tim Berners-Lee. It is a consortium of international companies that are involved with the Web and the Internet.

Under the eIDAs Regulation, specifications for formatting advanced electronic signatures for PDF documents are set under PAdES. PAdES is the electronic signature design for PDF Advanced Electronic Signatures.

The ZertES legislation (Swiss digital signature law) was placed into effect in Switzerland on December 19, 2003. The purpose of this legislation was to regulate the manner for which trust service providers could use certification services with electronic signatures.

Markets hate uncertainty and the confusion regarding issues related to Britain’s exit from the European Union have roiled equity and currency markets. But it’s not just the financial markets which are affected- companies which rely upon EU regulations in order to conduct their day to day business are also reeling from this uncertainty.

The ever-growing number of applications and uses for mobile devices has long been a hot topic. Using mobiles to electronically sign transactions and documents is one such use case, and many organisations have been looking for mobile e-signature solutions, which could hold legal ground in court.

The European Union is leading the way in the move towards the creation of a single digital market. The many advantages that a digital business has over it’s more traditional counterparts are only amplified when such businesses are allowed to operate seamlessly across multiple markets.